Press release
Speaker Drivers Market 2023: Global Outlook, Industry Drivers, Opportunity Assessment, Scope, Insights, Top key Players And Forecast To 2032
Speaker Drivers Market
As per the Speaker Drivers Market report by The Business Research Company, the speaker drivers market was supported by the increased demand for audio and video streaming services globally. This was mainly due to rapid growth in internet penetration and rising popularity among people. According to Statista, the number of Netflix (OTT Service) subscribers increased to 195.15 million by the third quarter of 2020.
The global speaker drivers market size grew from $28.23 billion in 2022 to $29.22 billion in 2023 at a compound annual growth rate (CAGR) of 3.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, and affecting many markets across the globe. The speaker drivers market size is expected to grow to $34.57 billion in 2027 at a CAGR of 4.3%.
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Major competitors in the Speaker Drivers Market include Sony Corporation, Samsung Electronics, BOSE, JBL, and Sennheiser Electronic GmbH & Co. KG.
The Speaker Drivers Market is segmented -
By Device Type: Headphones/Earphones, Hearing Aids, Smart Speakers, Mobile Phones/Tablets, Loudspeakers
By Driver Type: Dynamic Drivers, Balanced Armature Drivers, Planar Magnetic, ElectroStatic, Other Driver Types
By Application: Consumer, Professional/Enterprise, Medical, Other Applications
By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the Speaker Drivers Market.
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A speaker driver is a device that converts an electrical audio signal to sound waves. It turns the voltage provided to it into movement, which leads to the creation of a sound wave. The speaker drivers market covered in the report is segmented by device type into headphones/earphones, hearing aids, smart speakers, mobile phones/tablets, and loudspeakers; by driver type into dynamic drivers, balanced armature drivers, planar magnetic, electrostatic, others and by application into consumer, professional/enterprise, medical, others.
The Table Of Content For The Speaker Drivers Market Include:
1. Executive Summary
2. Speaker Driver Market Characteristics
3. Speaker Driver Market Trends And Strategies
4. Speaker Driver Market - Macro Economic Scenario
5. Speaker Driver Market Size And Growth
……
27. Speaker Driver Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Speaker Driver Market
29. Speaker Driver Market Future Outlook and Potential Analysis
30. Appendix
The "Global Speaker Drivers Market Report 2023" from The Business Research Company is a comprehensive report that covers every facet of a market covering over 60 geographies and over 2500 market segments. The regional and country breakdowns section analyzes the market in each geography and the market size by region and country. Furthermore, it assesses the market's historical and projected growth and identifies significant trends and strategies that companies can leverage for business expansion.
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